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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2013
Earnings Per Share [Abstract] |
Earnings Per Common Share |
N. | Reconciliations of the numerators and denominators used in the computations of basic and diluted earnings per common share were as follows, in millions:
|  | Three Months Ended |
|  | March 31, |
|  | 2013 |  |  | 2012 |
Numerator (basic and diluted): |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 56 |  |  | $ | 42 |
Allocation to unvested restricted stock awards |  |  | (1 | ) |  |  | (1 | )
Income from continuing operations attributable to common shareholders |  | $ | 55 |  |  | $ | 41 |
Loss from discontinued operations, net |  |  | (9 | ) |  |  | (9 | )
Net income available to common shareholders |  | $ | 46 |  |  | $ | 32 |
Denominator: |  |  |  |  |  |  |  |
Basic common shares (based upon weighted average) |  |  | 350 |  |  |  | 349 |
Add: |  |  |  |  |  |  |  |
Contingent common shares |  |  | — |  |  |  | — |
Stock option dilution |  |  | 2 |  |  |  | 1 |
Diluted common shares |  |  | 352 |  |  |  | 350 |
For the three months ended March 31, 2013 and 2012, the Company allocated dividends to the unvested restricted stock awards (participating securities). Additionally, 15 million and 30 million common shares for the three months ended March 31, 2013 and 2012, respectively, related to stock options were excluded from the computation of diluted earnings per common share due to their antidilutive effect. In the first three months of 2013, the Company granted 1.6 million shares of long-term stock awards. To offset the dilutive impact of these awards and awards granted in late 2012, the Company repurchased and retired 1.7 million shares of Company common stock, for cash aggregating approximately $35 million. At March 31, 2013, the Company had 22.6 million shares of its common stock remaining under the July 2007 Board of Directors’ repurchase authorization. On the basis of amounts paid (declared), cash dividends per common share were $.075 ($.075) and $.075 ($.075), respectively, for the three months ended March 31, 2013 and 2012.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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